The more firms are present in a market, the:
A. more competition is likely to be present.
B. less competition is likely to be present.
C. more like a monopoly it will behave.
D. more collusion is likely to occur.
A. more competition is likely to be present.
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An increase in the money supply will increase aggregate demand
Indicate whether the statement is true or false
In a partnership, the owners of the business and the business are ________, and in a sole proprietorship, the owner of the business and the business are ________
A) not separate legal entities; also not separate legal entities B) separate legal entities; also separate legal entities C) not separate legal entities; separate legal entities D) separate legal entities; not separate legal entities
Efficiency wages tend to:
A. reduce costs in the short run but increase them in the long run. B. raise costs in both the long run and the short run. C. reduce costs in both the long run and the short run. D. increase costs in the short run but reduce them in the long run.
All Pittsburgh police officers must go through the same training program, but police officers assigned to the narcotics squad earn 10% more than police officers assigned to guard the city courthouse. This 10% difference in pay is an example of a
A. human capital differential. B. transfer payment. C. compensating differential. D. utility differential.